Keppel to build new generation accommodation semi worth US$260 million for Floatel

Keppel to build new generation accommodation semi worth US$260 million for Floatel:

• Press Release

Key Points

• Keppel FELS Limited (Keppel FELS) has been awarded a contract worth about US$260 million by returning customer, Floatel International Ltd (Floatel), to build a new generation accommodation semisubmersible (semi) for delivery in 1Q 2014.
• This new rig developed by Keppel O&M’s Deepwater Technology Group, will be built to the SSAU4000NG design with Dynamic Positioning (DP) 3 capability. It marks Keppel FELS’ third accommodation semi project with Floatel, after the delivery of Floatel Reliance (SSAUTM 3600 with DP2) and Floatel Superior (DSSTM 20NS with DP3) last year.

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• Safe and early delivery of Floatel’s second unit earns Keppel US$1.1 million bonus - 29 OCT 2010  
• Financial News - 19 MAR 2010: Keppel delivers Floatel Superior 43 days early

Keppel wins 8th drilling tender contract from Seadrill worth US$142 million

Keppel wins 8th drilling tender contract from Seadrill worth US$142 million:

• Press Release

Key Points

• Keppel FELS Limited (Keppel FELS) has been awarded a US$142 million contract by Seadrill to build a repeat semisubmersible drilling tender (SSDT) based on the KFELS SSDTTM 3600E design.
• Scheduled for delivery in 2Q2013, this is the eighth drilling tender that Keppel will be building for Seadrill since the launch of the design in 1994.
  

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• Seadrill takes delivery of sixth KFELS B Class jackup rig - 3 DEC 2010

Keppel secures B Class jackup rig order from Dynamic Offshore Group

Keppel secures B Class jackup rig order from Dynamic Offshore Group:

• Press Release

Key Points

• Keppel FELS Limited (Keppel FELS) has secured a contract with Vision Drilling Pte Ltd (Vision Drilling), a wholly-owned subsidiary of Dynamic Offshore Drilling Limited (Dynamic Offshore Drilling), to build its first KFELS B Class jackup drilling rig for US$180 million.
• Slated for delivery in 1Q2013, the rig will be able to operate in water depths of 350 feet with a drilling depth of 30,000 feet and accommodate 120 men.
• Dynamic Offshore Drilling has the option to build an additional rig to be exercised before 3Q2011.

About Dynamic Offshore Drilling

Dynamic Offshore Drilling is part of the Jaguar Group, an ISO-9001:2008 certified EPC Company with its operations in India, Africa, S.E. Asia, Middle East and South America. already has its presence in offshore drilling business through its wholly owned subsidiary Deepwater Drilling & Services Pvt. Ltd, which currently is operating a Jack up drilling rig contract worth USD 71 M for National Oil Company ONGC. Dynamic Offshore Drilling is a newly incorporated drilling company domiciled in Cyprus and aiming to be a significant player in the premium Jackup segment focusing on the Asian and African Markets. The company is backed by strong industrial house and senior management team having more than 200 man years of combined drilling experience, project management and engineering excellence backed by a strong commitment to QHS&E systems and procedures with a dynamic continuous auditing and improvement process. Dynamic Offshore is planning to be listed in the stock exchange in a short span of time.

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• Keppel to build 4 repeat jackup rigs worth US$772 million for Standard Drilling

Keppel to build 4 repeat jackup rigs worth US$772 million for Standard Drilling

Keppel to build 4 repeat jackup rigs worth US$772 million for Standard Drilling:

• Press Release

Key Points

• Keppel FELS Limited’s (Keppel FELS) returning customer, Oslo-listed S.D. Standard Drilling Plc (Standard Drilling), has ordered four repeat KFELS B Class rigs worth US$772 million. Successive deliveries of these units are scheduled between 2H2013 and 1H2014.
• Standard Drilling ordered its first jackup rig from Keppel FELS in November 2010 with two options. In addition, it acquired two jackups under construction as well as two option rigs from Clearwater Capital Partners LLC (Clearwater), another Keppel FELS customer, in a transaction where Clearwater became the largest shareholder of Standard Drilling.
• Standard Drilling now has a combined fleet of seven KFELS B Class rigs, all being built exclusively at Keppel FELS.
• The four new orders from Standard Drilling have brought the total value of contracts secured by Keppel Offshore & Marine for the year-to-date to more than S$6.4 billion.

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• Keppel wins US$180 mil KFELS B Class jackup rig contract from Standard Drilling 
• Keppel wins twin jackup rig order from Gulf Drilling at US$393 million
   

Keppel wins twin jackup rig order from Gulf Drilling at US$393 million

Keppel wins twin jackup rig order from Gulf Drilling at US$393 million:

• Press Release

Key Points

• Keppel FELS Limited (Keppel FELS) has secured contracts to build two high-specification KFELS B Class Bigfoot jackup rigs from returning customer Gulf Drilling International Ltd. (q.s.c.) (GDI) of Qatar, worth about US$393 million. 
• These latest contracts follow closely after Keppel FELS was awarded a newbuild jackup rig contract by one of GDI’s Shareholders, Japan Drilling Company, in March this year.
• Scheduled for delivery in the third quarters of 2013 and 2014, the two latest rigs mark GDI’s first new orders in six years, and will increase the company’s jackup fleet count to seven units.

About Gulf Drilling International Ltd. (q.s.c.)
GDI is a world class drilling service provider offering safe, efficient and innovative drilling services. On May 18, 2004 GDI, was established as the first onshore and offshore oil and gas drilling company in Qatar. GDI was formed as a joint venture between Qatar Petroleum (QP 60%), Qatar’s national oil corporation, and Japan Drilling Co., Ltd. (JDC 40%), a Japanese drilling company with more than 40 years of offshore experience. The paid-up capital was US$ 103.2 Million.

In July 2007, QP acquired another 25% of JDC shares raising their ownership in GDI to 70%. On 12th February 2008, the shares of QP were transferred to Gulf International Services (q.s.c.) (GIS) which became a public shareholding company on 26th May 2008 and is listed on the Qatar Exchange. GIS now holds 70% of the shares of GDI.

GDI is a growth-oriented company. GDI’s rig fleet has grown to nine rigs and its workforce to 830 employees. It currently operates a fleet consisting of five offshore jack-up rigs and four land rigs. GDI is already the owner of two jack-up rigs built by Keppel FELS; the Al-Khor, delivered in December 2006 and the Al-Zubarah, delivered in February 2008.

For more information on GDI, please visit www.gdi.com.qa

Keppel & Seafox Group’s MPSEP SEAFOX 5 secures first job in offshore wind market

Keppel & Seafox Group’s MPSEP SEAFOX 5 secures first job in offshore wind market:

• Press Release

Key Points

• Keppel FELS Limited (Keppel FELS) is pleased to announce that a contract from the joint-venture Aarsleff Bilfinger Berger (ABJV) Dan Tysk, worth in excess of EUR 35 million, has been secured for SEAFOX 5, the KFELS Multi-Purpose Self-Elevating Platform (MPSEP) wind turbine installation vessel owned and managed with the Seafox Group. The customer ABJV DanTysk has an option to extend the charter by an additional 90 days.
• Keppel FELS is on track to complete the construction of SEAFOX 5 in the second half of 2012. When delivered, the vessel will be used for installing offshore wind foundations in the 288 megawatt (MW) DanTysk windfarm, developed by Europe’s leading energy company Vattenfall and Stadtwerke München, in the German sector of the North Sea. 
• A 75/25 joint venture (JV) company was formed between Keppel FELS and Seafox respectively, to build and own SEAFOX 5.

About ABJV DanTysk
ABJV DanTysk is a joint venture between Bilfinger Berger Ingenieurbau GmbH, Germany, and Per Aarsleff A/S, Denmark, both companies working as international contractors in major infrastructure projects In this long lasting cooperation ABJV has been awarded with more than 630 offshore wind turbine foundations and is the market leader for offshore foundations in Europe.

About Seafox Group
Founded in 1991, the Seafox Group is a leading provider of offshore accommodation and multi-support service jack ups across the world. The Seafox Group services a global range of customers with a primary focus on the Southern North Sea in Europe. It has extensive experience operating and managing assets in this region, which is known for its stringent rules and regulations, and difficult environment. Currently, the Group owns five jack-ups and 50 temporary living quarters. With the exception of the Seafox 3, all jack-ups are time chartered out on full service contracts to respectable customers (e.g. Shell, Total, ConocoPhillips etc.) in the Southern North Sea on short and long term bases.
The Seafox Group’s operational activities are fully outsourced to Workfox B.V./Ltd situated in Hoofddorp NL and Great Yarmouth UK. Workfox BV/Ltd is the leading operator of multi-support service jack-ups in the Southern North Sea and has been the exclusive manager of the Seafox fleet since the early 90’s.

Keppel bags offshore & marine jobs worth S$240 million from global customers

Keppel bags offshore & marine jobs worth S$240 million from global customer:

• Press Release

Key Points

• Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiaries in Singapore, has clinched new contracts totaling S$240 million from international customers.
• Keppel Singmarine will build for SBM Offshore a prototype multi-purpose dive support construction vessel (DSCV) scheduled for delivery in 2Q 2013.
• Keppel Shipyard has also secured a fast-track project for the upgrading of a FPSO vessel from Petrofac International (UAE) LLC, a subsidiary of Petrofac.

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• Keppel secures repeat jackup rig order from Jasper at US$180 million
• KEPPEL SHIPYARD NETS TWO CONTRACTS WORTH S$170 MILLION
• KEPPEL TO BUILD NEW JACKUP WORTH US$195 MILLION FOR MEXICO
• KEPPEL BAGS TWO-RIG CONTRACT FROM TRANSOCEAN WORTH US$380 MILLION
• KEPPEL WINS TWO JACKUPS ORDERS WORTH US$1 BILLION FROM MAERSK
• Keppel FELS Brasil secures two FPSO topside contracts worth R$500 million
• KEPPEL WINS US$440 MILLION TWIN JACKUP RIG CONTRACT FROM ENSCO

Keppel secures repeat jackup rig order from Jasper at US$180 million

Keppel secures repeat jackup rig order from Jasper at US$180 million:

• Press Release

Key Points

• Jasper Investments Limited (Jasper) has exercised its option with Keppel FELS Limited (Keppel FELS) to build a second KFELS B Class jackup rig at US$180 million for delivery in 1H2013. 
• The single-rig option was given to Jasper when the customer ordered its first jackup from Keppel FELS in December 2010.

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• Keppel to build US$180 million KFELS B Class Jackup for Jasper

JAPAN DRILLING COMPANY AWARDS US$210 MILLION JACKUP CONTRACT TO KEPPEL

JAPAN DRILLING COMPANY AWARDS US$210 MILLION JACKUP CONTRACT TO KEPPEL:

• Press Release

Key Points

• Keppel FELS Limited (Keppel FELS) has secured a contract worth about US$210 million from Japan Drilling Company (JDC) to build a KFELS Super B Class jackup rig.
• Slated for delivery in the first quarter of 2013, the rig will be JDC’s first newbuild rig order in six years and Keppel FELS’ first for JDC.
• 12th rig order brings Keppel O&M’s total contracts value to S$4.5 billion in 1Q2011.

About Japan Drilling Company
Japan Drilling Co., Ltd. (JDC) is Japan's sole offshore drilling contractor, and has been providing quality drilling services for more than 40 years. In addition to offshore drilling services, JDC provides Engineering Services and R&D in relation to offshore drilling as well as oil and gas exploration and development, and also Horizontal Directional Drilling (HDD) services. For more information about JDC, please visit www.jdc.co.jp

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• KEPPEL SHIPYARD NETS TWO CONTRACTS WORTH S$170 MILLION
• KEPPEL TO BUILD NEW JACKUP WORTH US$195 MILLION FOR MEXICO
• KEPPEL BAGS TWO-RIG CONTRACT FROM TRANSOCEAN WORTH US$380 MILLION
• KEPPEL WINS TWO JACKUPS ORDERS WORTH US$1 BILLION FROM MAERSK
• Keppel FELS Brasil secures two FPSO topside contracts worth R$500 million
• KEPPEL WINS US$440 MILLION TWIN JACKUP RIG CONTRACT FROM ENSCO 

KEPPEL SHIPYARD NETS TWO CONTRACTS WORTH S$170 MILLION

KEPPEL SHIPYARD NETS TWO CONTRACTS WORTH S$170 MILLION:

• Press Release

Key Points

• Keppel Shipyard Limited (Keppel Shipyard), a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured new contracts totalling S$170 million for two fast-track projects.
• The new jobs comprise completing a Pipe Laying Vessel for Saipem S.p.A (Saipem) and converting a Floating, Storage and Offloading (FSO) vessel for Bumi Armada Berhad (Bumi Armada).

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• KEPPEL TO BUILD NEW JACKUP WORTH US$195 MILLION FOR MEXICO
• KEPPEL BAGS TWO-RIG CONTRACT FROM TRANSOCEAN WORTH US$380 MILLION
• KEPPEL WINS TWO JACKUPS ORDERS WORTH US$1 BILLION FROM MAERSK
• Keppel FELS Brasil secures two FPSO topside contracts worth R$500 million
• KEPPEL WINS US$440 MILLION TWIN JACKUP RIG CONTRACT FROM ENSCO
•  

KEPPEL TO BUILD NEW JACKUP WORTH US$195 MILLION FOR MEXICO

KEPPEL TO BUILD NEW JACKUP WORTH US$195 MILLION FOR MEXICO:

• Press Release

Key Points

• Keppel AmFELS LLC, a US wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has won a contract from Mexico’s Perforadora Central SA de CV (Perforadora Central) to build a repeat jackup rig valued  at about US$195 million.
• Slated for delivery in 1Q 2013, this latest high specification unit will be based on the LeTourneau Super 116E design. Unlike the existing  LeTourneau Super 116Es, this will be the first Super 116E newbuild to be further enhanced to provide for an additional 1,500 kips of elevated load. 
• It will have leg lengths of 511 ft and the capability to drill wells up to 30,000 ft at a water depth of 375 ft.

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• KEPPEL WINS TWO JACKUPS ORDERS WORTH US$1 BILLION FROM MAERSK
• Keppel FELS Brasil secures two FPSO topside contracts worth R$500 million
• KEPPEL WINS US$440 MILLION TWIN JACKUP RIG CONTRACT FROM ENSCO

KEPPEL BAGS TWO-RIG CONTRACT FROM TRANSOCEAN WORTH US$380 MILLION

KEPPEL BAGS TWO-RIG CONTRACT FROM TRANSOCEAN WORTH US$380 MILLION:

• Press Release

Key Points

• Keppel FELS Limited (Keppel FELS) has secured a contract worth approximately US$380 million from Transocean Offshore Deepwater Holdings Ltd, a subsidiary of Transocean Ltd. (Transocean), to build two high-specification jackup rigs based on the KFELS Super B Class Bigfoot design. 
• The rigs’ deliveries are scheduled from 2H 2012 onwards.
• As part of the agreement, Transocean has options to order three additional jackup units.

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• Keppel FELS Brasil secures two FPSO topside contracts worth R$500 million
• KEPPEL WINS US$440 MILLION TWIN JACKUP RIG CONTRACT FROM ENSCO

KEPPEL WINS TWO JACKUPS ORDERS WORTH US$1 BILLION FROM MAERSK

KEPPEL WINS TWO JACKUPS ORDERS WORTH US$1 BILLION FROM MAERSK:

• Press Release

Key Points

• Keppel FELS Limited (Keppel FELS) has been awarded contracts from Maersk Drilling Holdings Singapore Pte Ltd, a wholly owned subsidiary of A.P. Moller – Maersk A/S (Maersk), to build two Gusto MSC CJ70 harsh  environment jackup rigs worth close to US$1 billion.
• The first rig is scheduled for delivery near end-2013, with the second rig following seven months later. 
• As part of the agreement, Maersk has the option to build an additional jackup unit with Keppel FELS.

About A.P. Moller - Maersk Group
The A.P. Moller - Maersk Group is a worldwide conglomerate. It operates in some 130 countries and has a workforce of some 115,000 employees. In addition to owning one of the world’s largest shipping companies, it is involved in a wide range of activities in the energy, logistics, retail and manufacturing industries.

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• Keppel FELS Brasil secures two FPSO topside contracts worth R$500 million
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Keppel FELS Brasil secures two FPSO topside contracts worth R$500 million

Keppel FELS Brasil secures two FPSO topside contracts worth R$500 million:

• Press Release

Key Points

• Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary Keppel FELS Brasil, has secured two contracts totalling R$500 million (approx. S$381.4 million) — one from Single Buoy Moorings Inc. (SBM), and another from the joint venture company MODEC and Toyo Offshore Production Systems (MTOPS).

About SBM
SBM Offshore N.V. is a pioneer in the offshore oil and gas industry. Worldwide, it has over 5,000 employees representing 47 nationalities, and is present in 15 countries. Its activities include the engineering, supply, and offshore installation of most types of offshore terminals or related equipment. In addition, SBM Offshore owns and operates its own fleet of Floating (Production) Storage and Offloading units. SBM Offshore has a track record of developing innovative, cost-effective solutions for the ever-changing needs of its Clients. Each company of the group contributes its technical expertise, making SBM Offshore a market leader.

About MODEC
Founded in 1968, MODEC is a general contractor specialising in engineering, procurement, construction, installation and operations of floating production systems including Floating Production Storage and Offloading (FPSO) vessels, Floating Storage and Offloading (FSO) vessels, Tension Leg Platforms (TLPs), Production Semi-Submersibles, Mobile Offshore Production Units (MOPUs) and other new technologies which will meet the challenges of various types of gas production floaters. MODEC provides Floating Production System operation and maintenance services around the world. MODEC is headquartered in Tokyo, Japan and three main offices are located in Tokyo, Houston and Singapore. MODEC has regional offices in Angola, Australia, Brazil, Belgium, China, Cote d'Ivoire, Ghana, Indonesia, Mexico, Nigeria, Thailand and Vietnam. MODEC, Inc. is traded on the Tokyo stock exchange under the symbol 6269.

About Toyo Engineering Corporation
Since its inception in 1961, TOYO, one of the world’s leading engineering contractors, has actively deployed Engineering, Procurement and Construction (EPC) business, and successfully delivered large and complex projects over the world. TOYO’s business focuses on the segments of Energy, Oil Refining, Petrochemicals & Chemicals, Oil & Gas Development including Topside facilities on FPSO, Infrastructure and other manufacturing facilities. TOYO is headquartered in Chiba, Japan and has major group companies in Korea, China, India, Malaysia, Thailand, Canada and Brazil which forms TOYO’s worldwide network.

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• KEPPEL WINS US$440 MILLION TWIN JACKUP RIG CONTRACT FROM ENSCO

KEPPEL WINS US$440 MILLION TWIN JACKUP RIG CONTRACT FROM ENSCO

KEPPEL WINS US$440 MILLION TWIN JACKUP RIG CONTRACT FROM ENSCO:

• Press Release

Key Points

• Keppel FELS Limited (Keppel FELS) has secured a contract to build two enhanced KFELS Super A Class harsh environment jackup rigs from a subsidiary of Ensco plc (NYSE: ESV) at a shipyard price of about US$440 million.
• These rigs are scheduled for delivery in the second and fourth quarters of 2013. 
• As part of its contract with Keppel FELS, Ensco has options to order two more similar jackup units.

About Ensco
Ensco plc (NYSE: ESV) brings energy to the world as a global provider of offshore drilling services to the petroleum industry. With a fleet of ultra-deepwater semisubmersible and premium jackup drilling rigs, Ensco serves customers with high-quality equipment, a well-trained workforce and a strong record of safety and reliability. To learn more about Ensco, please visit our website at www.enscoplc.com. Ensco plc is an English limited company (England No. 7023598) with its registered office and global headquarters located at 6 Chesterfield Gardens, London, W1J 5BQ. To learn more about Ensco, please visit www.enscoplc.com

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• Keppel to build two harsh environment jackups worth about US$416 million for Discovery Offshore

Keppel to build two harsh environment jackups worth about US$416 million for Discovery Offshore

Keppel to build two harsh environment jackups worth about US$416 million for Discovery Offshore:

• Press Release

Key Points

• Keppel FELS Limited (Keppel FELS) has secured a contract worth about US$416 million from Discovery Offshore S.A. (Discovery Offshore) to construct two harsh environment jackup rigs based on the proprietary KFELS Super A Class design.
• The rigs are scheduled for delivery in 1H and 2H 2013 respectively. 
• The construction, marketing and operation of both units will be managed by NASDAQ-listed Hercules Offshore, Inc. (Hercules Offshore), which is a leading global operator of jackup and liftboat assets.
• Discovery Offshore has options to order two additional jackup units as part of its contract with Keppel FELS. 
• If exercised, the options for the additional units will bring the total contract value to above US$840 million.

About Discovery Offshore
Discovery Offshore is a newly established Luxembourg-based company with a focus in ultra high-specification jackups. Managed by Hercules Offshore, Discovery will leverage the former’s long-standing relationships with oil majors, national oil companies and independent oil companies.

About Hercules OffshoreHeadquartered in Houston, Hercules Offshore, Inc. operates a fleet of 30 jackup rigs, 17 barge rigs, 65 liftboats, three submersible rigs, one platform rig and a fleet of marine support vessels. The Company offers a range of services to oil and gas producers to meet their needs during drilling, well service, platform inspection, maintenance and decommissioning operations in several key shallow water provinces around the world.

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• Keppel wins US$180 mil KFELS B Class jackup rig contract from Standard Drilling

Keppel to build two jackups for Clearwater worth US$360 million

Keppel to build two jackups for Clearwater worth US$360 million:

• Press Release

Key Points

• Keppel FELS Limited (Keppel FELS) has secured new orders from Clearwater Capital Partners, LLC (Clearwater) to build a pair of premium KFELS B Class jackup rigs at US$360 million. 
• The two high specification jackups are scheduled for delivery in 1Q 2013 and 2Q 2013 respectively.
• As part of the agreement, Clearwater has options to build another two similar jackup units with Keppel FELS. If exercised, the options for the additional two rigs will bring the total contract value to above US$730 million.

About Clearwater
Clearwater Capital Partners, LLC (Clearwater) is an investment firm founded in December 2001 and dedicated to investing in special situations across Asia, excluding Japan. Since inception Clearwater has invested over $2.5 billion in the Asia region and currently manages over $2 billion in assets across its four investment vehicles. Clearwater’s multi-disciplinary team consists of more than 70 professionals based in six primary offices across Asia including a Singapore office with a 17 person team. For more information, please visit: http://www.clearwatercapitalpartners.com.

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• Keppel to build US$180 million KFELS B Class Jackup for Jasper
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• Keppel wins US$180 mil KFELS B Class jackup rig contract from Standard Drilling

Keppel secures S$240 million worth of conversion and specialised shipbuilding contracts

Keppel secures S$240 million worth of conversion and specialised shipbuilding contracts:

• Press Release

Key Points

• Keppel Offshore & Marine Ltd (Keppel O&M), through wholly-owned subsidiaries Keppel Shipyard Limited and Keppel Singmarine Pte Ltd, has clinched new contracts totalling S$240 million.
• These comprise the upgrading of a Floating Production Storage and Offloading (FPSO) vessel, the conversion of a livestock carrier, as well as the building of a diving support vessel.
• With these latest projects, the total value Keppel O&M in 2010 has edged up to S$3.2 billion.
• Additionally, Keppel Shipyard has secured its third livestock carrier conversion project from the Hijazi & Ghosheh Group, a world-leading owner and operator of such vessels. 
• This contract involves converting the Reestborg container ship into a livestock carrier for Hijazi & Ghosheh’s affiliate company, Reestborg Compania Naviera S.A. 
• Keppel Shipyard’s work scope includes providing design engineering services, equipment procurement, as well as modifying the ship’s structural, piping and electrical systems. 
• When completed in the second quarter of 2011, the livestock carrier will ply the route between Australia and the Middle East.
• Fortifying its track record for customised ship solutions, Keppel Singmarine has also won a contract from a Malaysian customer to build a diving support vessel.
• The 80-metre ship will be based on a new design specially developed by Keppel’s Marine Technology Development unit for the customer. 
• When completed in the second quarter of 2012, this diving support vessel will be able to perform multiple functions including rescue and subsea operations.

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• Keppel to build US$180 million KFELS B Class Jackup for Jasper
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• Keppel wins US$180 mil KFELS B Class jackup rig contract from Standard Drilling

Keppel to build US$180 million KFELS B Class Jackup for Jasper

Keppel to build US$180 million KFELS B Class Jackup for Jasper:

• Press Release

Key Points

• Keppel FELS Limited (Keppel FELS) has secured an order for a KFELS B Class jackup rig worth about US$180 million from Jasper Investments Limited (Jasper), with an option for another similar unit. 
• The rig is slated for delivery in 2H 2012.
• If exercised, the option for the additional rig will bring the total contract value to about US$365 million.
• Total value of new contracts secured in 2010 reaches S$3 billion.

About Jasper Investments Limited
Jasper Investments Limited is a holding company listed on the SGX since 1993 which principally invests in the offshore oil and gas drilling and services sector. Jasper’s principal subsidiary, Jasper Offshore, owns and operates oil rigs for deep sea drilling which are contracted out to oil and gas exploration and production companies. For more information on Jasper Investments, please visit http://www.jasperinvests.com/index.php.

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• Keppel seals US$360 mil contract with mermaid’s asia offshore drilling for two newbuild jackups - 2 DEC 2010
• Keppel wins US$180 mil KFELS B Class jackup rig contract from Standard Drilling

Keppel seals US$360 mil contract with mermaid’s asia offshore drilling for two newbuild jackups - 2 DEC 2010

Keppel seals US$360 mil contract with mermaid’s asia offshore drilling for two newbuild jackups.

• Press Release

Key Points

• Keppel FELS Limited (“Keppel FELS”) has signed a contract to build two proprietary KFELS B Class jackup rigs worth US$360 million with Asia Offshore Drilling Limited ("AOD"), a 49% owned affiliate of Mermaid Maritime Public Company Limited (“Mermaid”). This follows a Letter of Intent entered into by Keppel FELS and Mermaid on 22 October 2010.
• The two jackup rigs are scheduled for delivery in 2012 and 2013 respectively.
• As part of the contract, AOD has been given options to build another two similar jackup units. If exercised, the options for the additional two rigs will bring the total contract value to above US$720 million.  

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• Keppel wins US$180 mil KFELS B Class jackup rig contract from Standard Drilling
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